Précis: Mr. Freitas retired from Deloitte & Touche LLP on May 31, 2007. He received a distribution from Deloitte in 2008 which he thought was a retiring allowance and therefore not subject to CPP contributions. He was reassessed by CRA in respect of CPP contributions on the amount and appealed to the Tax Court. The Tax Court held that the disputed amount was not a retiring allowance and therefore was subject to CPP contributions. Mr. Freitas was also unsuccessful in an attempt to introduce new evidence after the conclusion of the hearing. Accordingly his appeal was dismissed. There was no order as to costs since this was an informal procedure appeal.
Freitas v. R. - TCC: Amount paid to retired accountant not a “retiring allowance” and subject to CPP contributionsREAD MORE »